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Re: Any American equivalent for a 'crossed cheque', please?

Originally Posted by BobK

So, to summarize, it seems that there's no direct American equivalent of a crossed cheque, but there is a recognized process for achieving the same end: mark it 'for deposit only' - I think that's the wording both Barb and SD used.

b

The receiver of the check is the one who marks it "for deposit only." The person writing the check can not add any stipulations to how it is used, other than naming the payee.

Re: Any American equivalent for a 'crossed cheque', please?

The receiver of the check is the one who marks it "for deposit only." The person writing the check can not add any stipulations to how it is used, other than naming the payee.

Why stop now?

Technically any holder in due course ( a technical term in law) of a negotiable instrument such as a cheque can endorse it in any way he likes. A condition included by an endorser may limit that endorser's liability on the bill of exchange, but not that of prior endorsers.

Re: Any American equivalent for a 'crossed cheque', please?

Originally Posted by BobK

Until the last sentence I thought you were talking about the farthing. I still use cheques quite frequently - I just don't cross them.

b

I just can't think of a situation where I would need a cheque these days. I get cash from an ATM. I pay all my bills by direct debit or standing order. If I owe friends money, I log into my internet banking and transfer the money electronically. I pay for everything in shops in cash or on my debit card. On the rare occasions in the last few years that I have had to pay a tradesman, they have invoiced after the event and accepted payment by electronic transfer too.

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